An worker holds a buying bag whereas ringing up a buyer on the Levi Strauss & Co. flagship retailer in San Francisco, March 18, 2019.
David Paul Morris | Bloomberg | Getty Pictures
Take a look at the businesses making headlines after the bell Wednesday:
Levi Strauss & Co — Shares of the denim producer rose practically 3% after reporting quarterly earnings and gross sales that topped analyst expectations as back-to-school drove shopper demand. Whereas many attire firms are being hit onerous by international provide chain bottlenecks, Levi Strauss stated lower than 4% of its international quantity comes from Vietnam, the place manufacturing amenities have suffered from periodic shutdowns through the pandemic.
Meredith Corp. — Meredith gained greater than 6% after hours on information that IAC’s Dotdash will purchase the corporate’s digital and journal companies for $42.18 per share in an all-cash transaction. The mixed firm shall be known as Dotdash Meredith and be led by Dotdash CEO Neil Vogel.
Twitter — The social media firm’s shares added practically 2% after it introduced plans to sell its MoPub mobile advertising network to cell recreation developer AppLovin for $1.05 billion in money. Twitter purchased MoPub for a reported $350 million in September 2013.
Citrix Systems — The cloud firm gained 1% after it introduced that CEO and President David Henshall has stepped down and that board chair Bob Calderoni is changing him, efficient instantly. The corporate additionally stated it expects third-quarter income to be on the midpoint to excessive finish of its earlier steerage vary.
Rocket Lab USA — Shares of the house firm soared greater than 20% after saying it received a NASA contract to launch an Superior Composite Photo voltaic Sail System, which can launch as a part of a rideshare mission scheduled for lift-off in mid-2022.
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